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Telefonica to shed around 5,500 jobs in Spain
Telefonica to shed around 5,500 jobs in Spain

Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.

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by  AFP

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Asian traders cheer US rate cut but gains tempered by outlook
Asian traders cheer US rate cut but gains tempered by outlook
by  AFP

Most Asian markets rose Thursday as traders welcomed the Federal Reserve's third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon. However, traders have lowered their expectations for a string of further cuts in 2026 after the bank's statement used language used in late-2024 to signal a pause in more rate cuts.

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